Dollars and Jens
Tuesday, May 25, 2004
 
Re:2 Derivatives and promotion
I assume the reason the fed funds futures, eurodollars, the CPI index, etc. are quoted the way they are is because it is expected that T-bill traders will be interested in them. The price of a 1-year T-bill is 100 minus the interest rate, in a certain sense of the word "interest rate".

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